Acquisitions and Investments
California’s Total Access Elevator Partners With PE Firm
Total Access Elevator, Inc., Southern California's largest independent commercial elevator modernization, maintenance and repair provider, has partnered with Century Park Capital Partners, a private-equity (PE) firm based in El Segundo,...
KONE Acquires Australia’s Orbitz Elevators
KONE will acquire the service business of Gold Coast-headquartered Orbitz Elevators in Australia and all lines of the company’s businesses in New Zealand for an undisclosed sum, Business News Australia...
Baltimore-Based Monumental Supply Changes Hands
Monumental Supply Co. Inc., a Baltimore, Maryland-based business specializing in the distribution of products including a range of elevator supplies in Baltimore, the Mid-Atlantic and the East Coast areas, has...
Jensten To Acquire Lift and Escalator Specialist Broker
Huntington-headquartered Jensten, a fast-growing U.K. insurance broker, on April 24 announced its intention to acquire lift and escalator specialist broker Robert Gerrard & Co Ltd, based in London. Subject to...
IES Acquires Louisiana-Based Stratos Elevator
Integrity Elevator Solutions (IES), an elevator maintenance, repair and modernization provider serving Texas, Oklahoma and Louisiana, has acquired Stratos Elevator, Inc., a leading independent unionized company in the Baton Rouge,...
APi Group Acquires Elevated Facility Services Group
APi Group Corp., headquartered in New Brighton, Minnesota, announced it has entered into a definitive agreement to acquire Tampa, Florida-based Elevated Facility Services Group, a provider of contractually based services...
ESI Acquires New Orleans-Based Bounds Elevator
Elevator Service LLC (ESI) has acquired Bounds Elevator, an independent service provider in the New Orleans market, from its owner and founder Tim Bounds. This investment marks ESI's seventh add-on...
Assa Abloy Sells French Elevator Maintenance Business to KONE
Assa Abloy has sold its PACA Ascenseurs elevator maintenance division in France to KONE, Assa Abloy announced on February 2. The Swedish door and lock company that provides automated entrance...
Maven Group’s Sachsenheimer Reflects on Fruitful 2023
Dominik Sachsenheimer, president and CEO of Jupiter, Florida-based Maven Group, LLC, recently reflected on a fruitful 2023 in a letter to associates. The year included nine transactions representing company owners...
Japan’s Fujitec Strategizes To Improve 2024 Profitability
Japan's Fujitec Co., Ltd. said it aims to improve profitability for the fiscal year ending March 31, 2024, through "sales strategies tailored to [individual] market characteristics and cost reforms based...
